As John Oliver once said. "Crypto is everything you don't understand about finance and everything you don't understand about technology rolled into one"
Many years ago, I was a tech in the telecom industry, but spent some time working in the Toronto Stock Exchange. That was a real eye opener, about how some things in the market worked. That was as close as I got to working in the finance industry, but it taught me to be very careful.
"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17 "Ye have heard that it hath been said, An eye for an eye, and a tooth for a tooth: But I say unto you, That ye resist not evil: but whosoever shall smite thee on thy right cheek, turn to him the other also." Matthew 5:38-39 "And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men. Verily I say unto you, They have their reward. But thou, when thou prayest, enter into thy closet, and when thou hast shut thy door, pray to thy Father which is in secret; and thy Father which seeth in secret shall reward thee openly." Matthew 6:5-6.
In 2008, he also talked about buying a house being a HUGE scam. Don't do it ever! Bank loans are not real money. Don't get one. Stay away from owning a home. He did, got scammed.
As out of work actors go, this guy is gold, all those past their “15min”Pureflix actors could learn a thing or 2 about helping society in demonstrable ways, I’m talking to you Jim “Q-turd” Caveizel
@@quantumrobin4627 I think at least in Ben's case he's too clean like he's played a cop multiple times. He was Batman once with Walter White as his Gordon.
His comment about language and an actor's ability to spot another actor [liar] was spot on. Nice to see a celeb out of their lane [a little] but still making sense : ).
When I first heard about cryptocurrency I thought, “I don’t get it. Sounds like a scam.” That 20% that “invested” in the scam definitely have more money than brains and were hoping to have fortunes land in their lap without actually doing anything to earn it.
Crypto was invented to facilitate FINANCIAL CRIMES. It was never good for anything else. It had VALUE only with other IDIOTS that held CRYPTO and other wise was GHOST MONEY with NO REAL VALUE. And I thought the BLOCK CHAIN was suppose to prevent the kind of CRIMES we are see with FTX. WTF happened?
And some people did because they saw early that they needed to be at the tip of the pyramid. But Just because some people did make money from what is basically an unbacked fictional currency doesn’t mean that the endeavour was worthwhile or moral or even legal.
I'm SO glad this is finally coming full circle. I've had a few friends invest in crypto, (loosing money at every turn) and it feels strangely good to be proven right after being skeptical about it all along.
Its not gambling. Buying dogecoin and whining that you lost money would be different than doing research and holding the right projects. Everything that guy just said was false. Hes not ignorant he is spreading a false narrative to keep the public skeptical.
Anyone that thinks crypto is over should google bitcoin rainbow chart and try to understand the bear and bull cycles. We are never more than 4 yrs from another all time high..
@@drpaine7428 Yup. The Next havling is Around April 2024. They will all be quiet after that. The charts all show the exact same patterns. You are correct sir. They said all the same crash back in 2019, it's just bigger now. And when it all crashes again in 2026 they do it again. Human's gullibility and ignorance is as predictable as the Elliott Wave.
@@nilfux glad there are some sensible people responding. Have you ever seen the bitcoin obituary and how many times bitcoin has died? Its hilarious. The funny thing is these trolls will just move the goal posts when the bull cycle returns.. "well I bet it wont happen again". LOL I hope it goes lower so we can accumulate more. !
There are people who made money on this, if they got out at the proper moment. There are junk stocks that also made people money until they went under. With stocks, you usually can get half your money back in most cases.
@govern me harder gruberment (Andy peltola) Some people also "invest" at the casino. It's just a bit of fun where you might make money. You might also lose. However, if you're not worried about it, have fun. If I'm not mistaken, he can afford to lose on it.
I just googled Warren Buffett and he does not invest in crypto. In fact, he's quoted as saying if all the crypto in the world was offered to him, he wouldnt buy it for $25. Bill Gates doesn't invest in it either.
If it sounds to good to be true it probably is. I’m reminded of Kant’s famous statement - “An imaginary dollar and a real dollar are both worth a dollar, but there’s a difference. One is imaginary.”
But if you think about it, they are both imaginary just people choose to believe in one. To me the only "real" dollar is gold and even that take people to believe.
@@agorpb5871 It's not that 'both are imaginary', because that's simply not true in society. An American dollar is currency that's backed up by the US government and the law. Any debt I owe, I can pay with that money and the person receiving the money is obligated to accept the money as payment. That's not true of crypto, of any kind. Now, granted, if I crash landed on a deserted island with 50 million, it would be as worthless to me as crypto, but in society itself, it's not imaginary.
Yet banks encourage you to leave lumpsums in your checking or savings account. And do you know what they do with that money? They immediately loan it out to somebody else, charge them insane interest rates, make a killing off your money and pay you a paltry 0.01% in interest for your loyalty. There is no "product" in this chain of events. The banks are basically making money off your money. That, my dear, is the epitome of a Ponzi scheme. Banks are also deflationary. Your $100k will not be $100k in 10 years time because of the paltry 0.01% interest rate stacked up against increased cost of living. But they don't care because they are too busy making your money work for them instead of your money working for you. Look I get it. I realize for many that Cryptocurrency is the great unknown, and so it's inevitable that fear is on the table. People fear what they do not understand. It's normal. And I'm not expecting everybody to embrace it, but what I would like to see people do more often is actually take a closer look at what banks actually do. They are the real wolves in sheep's clothing.
He warned everyone months before it happened... nobody wanted to listen, this guy is wicked smart , and a badass actor , plus has an amazing family. Clearly a high quality person . We need more people like him in this world.
The US is the most economically liberal country maybe on the planet, good luck on banning even one crypto currency permanently. I hope the government will though.
Crypto reminds me of how derivatives were pushed back in the 80s. People were buying something that was just numbers, far removed from the original investment or value. Derivatives, such as commodity futures have value, but value that can disappear, unlike the commodity it's based on. The further you get from that, the flimsier the "investment" becomes. As far as I can tell, there isn't even an original investment in crypto. It's all just numbers.
it reminds me of the pyramid schemes of the 80s, it needs new money coming in to keep it going as soon as the new money stops it collapses. Everyone thought those were amazing get rich quick schemes too at the time.
Like most populists you clearly haven't a clue as to how derivatives function. And derivatives date back to the 19th Century not the 1980s. Derivatives are simply insurance policies on financial assets or commodities. And like most markets for financial products futures and other derivatives need liquidity to function, hence the need for speculators. Futures markets in particular literally determine the prices of commodities and values of currencies, without which prices would be much higher and more unstable. It's easy to mouth off about "financial scams" on the rare occasion when there's a market failure. But most people who do so haven't the faintest idea as to what they are talking about.
@@themaskedman221 I never said derivatives date from the 80s, only they were really being pushed then. I first became aware of derivatives when I started working in the Toronto Stock Exchange in 1973. Back then, they were things like warrants or rights, which allowed a shareholder preferred prices on some future stock issue. Those rights could be sold separate from from the original stock and were therefore derivative. Depending on what the stock did, those either paid off, if the stock price was higher or became worthless, if the stock price at the time was less than the preferred price. However, derivatives really went crazy in the 80s and this led to some real problems. IIRC, there was an economic slowdown in the late 80s as a result.
@@adamcraig1468 yes you're right but still better than crypto it's for suckers trying to get rich quick and yes it's a Ponzi scheme one sucker trying to get another sucker to invest so he can make money have fun with that
If you know it’s a hustle, you can make a pile of cash. I made 10s of thousands this year and last in crypto. You’re basically just betting on the madness of crowds. You’re just looking for the crowd with the momentum. It’s definitely risky. But, it’s less risky than options trading.
@@cryptoholica72 Exactly right! So many people on here do not understand what they are talking about. It takes a disciplined investor to make money on crypto. But it is there. Most have no idea. They'll all be crying again in a couple years.
Every lazy person’s goal. The only get rich quick route that has always worked is drug dealing…but that comes with a few occupational hazards. Other than that, there is no get rich quick method; there’s just dumb luck.
He’s smart but he is not smart enough to differentiate between Bitcoin and all the shitcoins. Sure blockchain is a ledger - yes. But to say it has no value is just wrong. The guy is clearly not an accountant nor a banker.
Um... But he's wrong. Crypto isn't a scam, but people exploit it to run scams. There's a huge difference. Anyone who doesn't understand crypto should really try to instead of just brushing it off. If crypto is used wisely it could revolutionize taxes and the economy. People like this guy - and you (if you refuse to learn about it) - are just standing in the way of progress.
I personally felt the brunt of the Dotcom bust, so when crypto came around, it gave me the same feeling as the internet startup craze. Back in the late 90s, and early 2000s internet startups were popping up left and right promising the world. Even CNN's parent company was bought by one and it was a complete disaster. In that lies the danger. A lot of these startups are just charismatic bluff and bluster that can attract so much money they can buy legitimate enterprises.
Actually, crypto is a great idea. It was supposed to remove the negative things of the value of money. No central banks, no quantitative easing, the cantillo effect and all of that. But when you have blood and fresh meat, soon you have sharks. At the end, it became like a casino where anyone can create his own chips to pay robert and use your fakecoin as collateral. But the reality is that the financial market is bankrupt and morally bankrupt as well. the World is crushed with debts. Also speculations, pump and dump scheme ruin the economy. Often speculations are made with software. There is a lot of regulation needed because with the cantillon effect, you won't have any middle class left.
But he never explained crypto so how is it that he is knowledgeable. He is simply like many who don't learn about "crypto" but only take their knowledgebase and simply spew the same stories. If anyone does some research they will see how laughable the interview is. Just can't go into all of it here. Listen to Michael Saylor and at least learn what "crypto" is. And I say in quotes, coz it's really about Bitcoin. Let Michael Saylor inform so that each person can make their own choice. Truly anyone who knows how bitcoin works will see what a fraud the interview was, to be honest. I am sure he meant well, but so did all the people in our past who at the time thought it was a good or a bad idea. Hmmm Internet good or bad? Cars instead of horses? I know how trite, but people...just listen to one interview from a technical view to someone who knows what they are talking about. This guy didn't say anything that anyone in this thread could not have said with no knowledge of crypto. Yeah, that is exactly what he did. He gave his whole interview without any information on what "crypto" does or how it works. It was just a smear campaign with a political spin. C'mon people, I mean really? I wish I had invested in Amazon in 2000 when it was 2 dollars a share. Now the chance to get bitcoin at even 17K. GIFT of 2023.
I cannot conceive how difficult it would be to determine to participate in a money-back scheme as a victim. Nonetheless, it is essential to recall the past and the aid that was born from such agony and suffering. Respect for these *GlobalTraceAssets* that conduct these functions on the internet.
Um... This guy had no idea what he's talking about. I strongly support helping people not to get scammed, but actual legitimate crypto isn't a scam. People who run actual crypto scams are the problem.
@@bumblebootwiddletoes5185 Crypto is selling something that you know has no value. How is it any different from trading worthless securities in 2008? The coins are worthless, massively overvalued, and only make money when more investors buy it.
People get jealous when a coin goes from 200 to 60,000 so they don't want to miss out on the free money . The smart cons cashed in early and or played with house money.
I know for a fact he has been sounding the alarm for some time. I was surprised an "actor" would be so vocal about any type of investment until I started looking into his work. Hopefully he did save some people from making the mistake of putting money into this scam.
I'm telling you now Roogs, people are going to be cursing people like Ben McKenzie when the Crypto market follows the very same bear to bull cycle that conventional stocks take. Of course there are scams in the Crypto Space. Sometimes it feels like the Wild West to be honest, but if people are careful in what they invest in as well as when they invest, there is a lot of money to be made. I'm not referring to shitcoins here. I am referring to coins and tokens that have real world utility and serve a real world purpose. Those who are doing their research now and are picking up bargains in the bear market may stand to make outlandish profits if they have done their due diligence, scouted out the right high utility projects and have spread their risk like every good investor ought to.
Most people that talk about a Ponzi scheme don’t actually know what a Ponzi scheme is. A Ponzi scheme is a banker or bank company that lies to investors about principle and earnings when in fact the actual money that exists is being squandered by that company or person, and on paper the said money does not actually exist or exists in part. So, we can say that Ftx was operating a sort of Ponzi scheme, but cryptocurrency as a whole does not fit that definition.
One thing that always bothered me about crypto currencies is that money ought to be scarce, yet it seems anyone who wanted to create a crypto currency could. That and almost no one used it to make payments.
The funny thing is crypto is more scarce then fiat currencies. They print money to oblivion, why you think inflation is at a all time high. What a dumb ignorant comment.
Bitcoin is scarce. There is only (and will only ever be) 21 million of them mined. So far, about 19.4 million are mined. You can buy lots of things in lots of places with Bitcoin. There are even bank cards that convert your Bitcoin to cash at the register, when you buy something, for those who are still clinging to fiat.
He shouldn't be referred to as simply "actor" in the title, it doesn't ascribe the credibility that he likely deserves as a result of his education and subsequent work.
I agree with the guy who said most people don't even know what crypto even is! And I don't wanna know either, I'll leave it to the cool trendy people who want to be a part of the latest fad🙄😴
You don't have to be cool or follow trends to be curious. And it's completely fine that you don't wanna give a fvck. But lawmakers dealing with these situations, the people that are supposed to protect regular folks, not even knowing what it is in general? That is some bleak laziness right there.
Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world. Both NFT, real estate, stocks and crypto is positively changing people's lives. I stopped panicking about the market the very moment i started trading with Mrs. Paula David last year, her confidence and skills is on a maximum level..
Absolutely! I wish I could close my eyes and wake up to 2025 and bitcoin being maybe 250 to 300K. But I will be patient. All I can say is don't miss the boat. Amazon was once .25 cents and thought to never go anywhere. See you in 2025!
@govern me harder gruberment (Andy peltola) an "asset" that has a finite supply will always be volatile, and a currency can't be volatile. To have a stable currency, it's supply needs to be adjusted to match demand. This is exactly what the FED does. The FED adjusts the supply of $ to meet demand, and this keeps the value of the $ relatively stable over time. There are other issues with crypto, like the fact that it has no intrinsic value, but one of the more obvious reasons it can never be a currency is that its fixed supply will never allow its value to be stable enough for it to be used as a currency.
@govern me harder gruberment (Andy peltola) No it won't. The major governments would never allow for their money to become destabilized especially the United States.
When he said, "I don't know. Because I don't know that anybody fully understands, what the hell crypto even is", I felt those words deep in my spirit.😩🤦🏽♀️🤣🤣
Yup, but I do. I've had Bitcoin since 2011. I fully understand it. Most crypto shitcoins or tokens are scams. Bitcoin is not a scam. Fiat currency is the worst scam going right now.
There are plenty of places to research Crypto, I learned everything I know about Crypto online, and have a pretty good understanding of what it is. To say NOBODY understands what crypto is, is very ignorant. I’ve had Bitcoin since 2014, and Dogecoin since 2019, made thousands when I sold most of it.
@@nineixb616 Ponzi scheme means the ones who get on it early make lots of money and the ppl left holding the bag are the ones who get fucked. The fact they started pushing advertisements with celebrities was the biggest red flag. At that point they’re going after the ppl who know nothing about have it only a little to invest and feel they can trust the celeb who they know and believe are reliable ppl.
@@rodrigofuentes296 In a Ponzi Scheme money is not invested, money from new victims is used to pay people who got in early. There is always risk when investing some coins never became profitable, even the people who got in early lost money. There are thousands of coins it’s still possible to make a profit in crypto even if the overall market is down.
The celebrities that took millions to promote this scam should be ashamed. Kevin O Leary was paid $15m to promote this stuff and give it credibility. Athletes like Steph Curry and Tom.Brady made their followers believe this was legitimate whilst they were getting paid. These people hurt their fans.
He is so right about that cryptocurrency. No regulations no FDIC insurance backing up any deposits. I am one of those who have no clue about crypto but it does sound so fishy.
A crypto co-founder died with the passwords and people lost their money. A crypto company collapses and people lost their money. Three out of four Bitcoin investors have lost their money. I see a pattern.🤔 I always felt crypto was a scam.😑
I'm more interested in the many actors who made commercials promoting FTX and other crypto businesses. Did they bother to investigate these companies even a little bit before encouraging people to invest in worthless junk? Or did they cash the checks, no questions asked?
A well known person, who's informed on what their talking about. That could be a better future. He's looking out for the little guys and those who dare to dream big who are the easiest to lead as they want to believe
@@julianjacobson10011 Who is qualified, then? Apparently, the "experts" who have been pushing bitcoin and crypto the last couple of years didn't know much more than the average person you see waiting for a bus. Only the person waiting for the bus isn't in danger of being indicted anytime soon.
He's wrong and stupid. The whole problem was centralized banks. None of this would have happened if those people had self custodied as is what crypto is meant to be and frauds like SBF were made more accountable. Crypto banks like FTX and Celcius should have been treated like public washrooms. Get in do your business. Get out. Not your keys not your assets. Get a ledger Wallet. Self Custody. He needs to stick to acting.
Stock market is based on companies doing various things, mining, manufacturing, real estate, transportation etc and one can inform, research companies but they're not pixels, like crypto currency is, pixels, nothing but pixels.
@govern me harder gruberment (Andy peltola) pixels are pixels, they're not a resource, not a product, not a service, nor an asset but pixels, pixels backed up or backed upon an illusion of many, a pyramid scam and that's a fact
At the end of the day, it makes me so pleased to know that you are living your ideal and doing what you want. Regardless of whether you continue or not, I'll be rooting for you *GlobalTraceAssets* due to all the good you've done for me and so many others. Thank you,
i don't know why it took this long for people to realize it was all a scheme...all i heard from a friend was "well, it's not actually money and you can buy things with it" and i knew it was a ploy for idiots...and that was almost 4 years ago...
Wow! I didn’t know he was so well informed about finances. Good for him that he is actually doing something about it. That’s why regulation and transparency is so important.
Excellent analysis. Stock do not give returns in a straight line. Don't look for multi baggers. Don't track prices constantly. Get more capital to invest. Acknowledge faults and rectify. Don't buy and forget. Buy and trade and as you trade you also monitor instead. Understand what you are buying. Hedge positions and avoid over exposure. Crypto investment still remain the best. I love volatility that’s where u make money. It's much better to put everything into crypto and continue trading with Mrs Florence Osborn trade signal. As I've made over $495k in some weeks of trading bitcoin through her guidance and trade signal with just $72k.
@@pengchen7384 Thanks for sharing her telegram handle, i’ll surely reach out to her and start learning the right way, tired of loosing from price drops.
Nice info, i appreciate your concern this will help a lot especially to the young bitcoin investors who have no or lesser knowledge on how bitcoin market works.
Crypto isn't a scam. FTX was a centralized entity. I remember similar news coverage with QuadrigaCX. I've been watching crypto since 2010, buying crypto since 2017, then storing crypto in non-custodial wallets since 2020. Even in this down market I'm just fine and still up. I've seen the ups and downs. In each bear market traditional media starts platforming skeptics
I didn't invest in bitcoin when it was just $16 because what my friend described to me was no better than a pyramid scheme. In good conscience, I missed a chance to become wealthy. But, maybe $16.00 might come back and I decide once again not to be involved.
@govern me harder gruberment (Andy peltola) Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on the cryptocurrency. He said at the Berkshire Hathaway annual shareholders meeting Saturday that it's not a productive asset and it doesn't produce anything tangible. Despite a shift in public perception about bitcoin, Buffett still wouldn't buy it. "Whether it goes up or down in the next year, or five or 10 years, I don't know. But the one thing I'm pretty sure of is that it doesn't produce anything," Buffett said. "It's got a magic to it and people have attached magic to lots of things." That is a direct quote from Buffet this past Sat.
@govern me harder gruberment (Andy peltola) Although Nubank does not allow trading in cryptocurrencies, its investment unit, NuInvest, allows users to invest in crypto exchange traded funds (ETF), according to the company website. In 2018, Berkshire Hathaway CEO Warren Buffett declared his dislike of bitcoin, calling it "rat poison squared."
@govern me harder gruberment (Andy peltola) Although Nubank does not allow trading in cryptocurrencies, its investment unit, NuInvest, allows users to invest in crypto exchange traded funds (ETF), according to the company website. In 2018, Berkshire Hathaway CEO Warren Buffett declared his dislike of bitcoin, calling it "rat poison squared."
I do not even have degree in Economics. At college, I was always taught, that no matter how crazy difficult everything has to able to explained in simplest way possible to everyone before claiming that such concept is beneficial to the society. Crypto is extremely difficult to understand, to teach even to me as the one with Master degree in Electronic Engineering. I understand Microwave Communication, Optical Engineering, RADAR, and Electromagnetic Theory even years after I graduated. Still, even when some Crypto supporter tried to explain to me in simplest way possible, it would have confused me even more.
There's a bunch of technobabble behind how it works and a lot of grandiose hype but it can essentially be summarized very simply: people making their own fake money. When you wash away all the bullshit and realise that's all it is, it's very obvious that it's neither a revolutionary, world-changing idea, nor even a good one.
it's not that hard, you probably see the 'clothes of the emperor' for what it is... it's worth as much as people want to pay for it... and when more people want to pay for it, the price goes up, and then when more people want to sell them, the price goes down... it's like the economic principle of supply and demand reduced to it's essence... gold without the weight... platinum without the molecule... a soap bubble, but without soap... an economy, but without the goods and the services... also, there's only 24 millions bitcoins, but nobody stops you from making another 24 million bit2coins, bit3coins, dogecoins, FTT tokens, Tether stable coins... there goes scarcity out of the window...
This shows you how much people don't know about crypto. FYI. Crypto isn't going anywhere for a long time. There is nothing that beats how much the dollar has been manipulated or used for illicit practices.
You are right but the market is more profiting this days if you are using really a good broker or an expert to help out with trades or provide signals.>>
Even with the current dip in cryptocurrency, I’m still glad I can smile 😊 back at my portfolio of $105,850 built from my weekly trade, I’m having my fourth withdrawal in 10 business days.
After watching so many TH-cam videos tutorial videos about trading I was still making losses until Mrs Pamela Williams started managing my investments now I make $10,567 weekly. God bless Mrs Pamela She’s been a blessing to my life and family
The fact that they brought on an actor for an opinion and were blown away at his level of subject knowledge, coherence and clarity speaks volumes of the fact that many celebrities just aren’t great at politics/ economics.
He’s absolutely right. I’m a software engineer and working freelance me and some of my colleagues get paid purely in crypto. *Every single developer* I know cashed theirs in immediately. It exists and has value solely because people are too domb to realize it’s worthless.
@@nilfux it’s shared amongst an entire population and agreed upon as a medium of exchange for your labor. This is not difficult to understand, but would we really expect a well thought out question to come from an account with cartoon for their profile picture. If that doesn’t say ‘I didn’t go to college, star on a sports team, or graduate near the top of my class so now I’m both insecure and undeservingly confident and make up for my obvious short comings with blind assertions anonymously online’…
I'm glad I'm part of the 80%. First off, I viewed crypto the same as gambling. Only gamble the amount you can lose without it affecting your finances. Secondly, I don't understand it, so I wasn't going to plunge into something blindly. Last, I have barely enough to put in my RRSP every month, let alone some pie-in-the-sky 'investment'.
I know people that invested in it and I heard so many success stories but I didn't invest because I didn't understand Crypto. I have a degree in accounting and marketing but I simply had no idea what you were actually investing in and I remembered Warren Buffet saying invest in things you understand like McDonald's and Coke Cola.
@@almac9203 Maybe I'm not as stupid as I thought, lol. If someone with an accounting degree didn't trust it, I sure as heck 'ain't. Yes, I heard there was a giant boom a while ago and people were laughing all the way to the bank - then I heard the bottom dropped out. As I said, I don't have money to gamble like that. I'm sure ones that are very wealthy do.
I'm still amazed that so many people, many of them very highly educated, continue to so aggressively defend crypto "currencies", while claiming to understand what it is in the face of all the BS surrounding it. They act as if it's the greatest thing since sliced bread. It's a scam and always was a scam.
Crypto coins are generated by a decentralized immutable code which is far more predictable and stable longterm than a "regulated" federal reserve that just prints out more money when it feels like it
The return comes from the "greater fool theory". Price is only determined by hoping someone will pay more for crypto than what you have paid. There's no share buybacks, dividends, earnings, or acquisitions in crypto like what you do have in stocks. No security either, governments will not help crypto like they do with businesses
Are they not human? It sounds so stupid when people like you act as if these people aren't human or educated. They have the a lot of the same worries and concerns as everyone else. Being an actor is a job just like being a mechanic or engineer.
@@FG-xc5qj Don't think the question is on their humanity, but don't like your demeaning attitude which is far more offense than anything you could imagine I said troll.!
@@l0I0I0I0 I’m far from a troll and I couldn’t care less what you don’t like! I didn’t like your comment as if celebrities aren’t real people with real feelings and actions. You seem to actually be the troll.
I'm pretty sure ordinary people had said the same things about the US stock market after they lost their life savings in the crash in 1931. And guess what, it was the bottom of the market.
Anti crypto people aren't interested in facts and logic. I LOL when people talk about how the market has dropped, really cause every crypto that's been around for 7 years or more is worth a whole heck of a lot more today!
@@celestial4565 I have plenty of hobbies, maybe you should actually read up on Ethereum instead of listening to actors with no experience in the industry or even a basic understanding. Pathetic really, and you all watch a 2 minute clip and treat it as the gospel instead of educating yourself. Maybe that could be your hobby (educating yourself)?
More of this format plz! Obviously Ben is a class act, great Actor & super well-informed; but this format did this topic justice. No “Fake debates;” just a great, thoughtful discussion on a albeit complex topic….wherein a well-informed guest is allowed to talk. Also great kudos to the host! She was not overly interruptive, all of interjections were salient to the discussion at-hand, and she too was clearly well formed. I don’t often say this anymore nowadays, but “great job CNN!”
@@contemplating1015 How sad, it seems you lack the intellectual aptitude to respond with anything other than emojis. Let me attempt to speak your language 😢🧐🤔🙃
Yes and No. cloud is still not just servers. It is a software system of storing the data far far far away from the place where you might want to accesscto the data. The software system is the one which makes cloud computing novelty and expensive to implement. Because you need to be able have higher level of network security levels to ensure very secure encryption, YET with very good almost instantaneous response when accessing the data from this faraway place. Regular servers just dont do that by itself. They need this cloud computing software and architecture to be able to do so seamlessly and securely. The novelty in cloud computing is you do not have to own your physical server, but you still own the data only to yourself through some rather complex encryption and architecture.
I agree. I call it a Pyramid Scheme. There are a couple guys at the top that put in all the money and then pull out whenever they want and sink it all.
As John Oliver once said. "Crypto is everything you don't understand about finance and everything you don't understand about technology rolled into one"
I repeat this every time someone tells me they're investing in crypto.
And guess what…it’s the future. Nothing can stop it.
@@ArturoGarzaID hahaha it's not the future
Many years ago, I was a tech in the telecom industry, but spent some time working in the Toronto Stock Exchange. That was a real eye opener, about how some things in the market worked. That was as close as I got to working in the finance industry, but it taught me to be very careful.
And presumably there will then be an even more spectacular "crash" than 1929.
"Behind every great fortune lies a great crime."
Honore de Balzac
Gotta love Honore! Nailed it.
Usually a lot more than one crime
@@stacer1962 No, a “con man” is a specific sub-group of criminal. Millions of others amass fortunes
@@lamontcranston3177 Yeah man! We all be on a first name basis with this dude Honore, every 13 year old in a third world country here
"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17
"Ye have heard that it hath been said, An eye for an eye, and a tooth for a tooth: But I say unto you, That ye resist not evil: but whosoever shall smite thee on thy right cheek, turn to him the other also." Matthew 5:38-39
"And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men. Verily I say unto you, They have their reward. But thou, when thou prayest, enter into thy closet, and when thou hast shut thy door, pray to thy Father which is in secret; and thy Father which seeth in secret shall reward thee openly." Matthew 6:5-6.
In 2008, he also talked about buying a house being a HUGE scam. Don't do it ever! Bank loans are not real money. Don't get one. Stay away from owning a home. He did, got scammed.
He's a hero in real life . Straight to the point, with facts and research . Took less than 5 minutes to explain rhe scam . Thank you
There is no way you are a real person. 10010101010100011101?
As out of work actors go, this guy is gold, all those past their “15min”Pureflix actors could learn a thing or 2 about helping society in demonstrable ways, I’m talking to you Jim “Q-turd” Caveizel
@@studyhistory2ctruth
I’m not real either, f’n clown
@@quantumrobin4627 I think at least in Ben's case he's too clean like he's played a cop multiple times. He was Batman once with Walter White as his Gordon.
😂😂😂😂🤡
His comment about language and an actor's ability to spot another actor [liar] was spot on. Nice to see a celeb out of their lane [a little] but still making sense : ).
Out of their lane? Are you employed in the finance industry? If not, then you are also out of your lane.
he's got a degree in economics. I think he's in his lane.
An actor with common sensibilities and an interest outside themselves, I like this guy
He says he lies for a living as an actor, and we're supposed to believe what he says about Crypto? He never even explained why it's a Ponzi scheme!
@@sdrfz Good lord, some people are impossible. You are one of them. lol
This aged well....
When I first heard about cryptocurrency I thought, “I don’t get it. Sounds like a scam.” That 20% that “invested” in the scam definitely have more money than brains and were hoping to have fortunes land in their lap without actually doing anything to earn it.
Crypto was invented to facilitate FINANCIAL CRIMES. It was never good for anything else. It had VALUE only with other IDIOTS that held CRYPTO and other wise was GHOST MONEY with NO REAL VALUE. And I thought the BLOCK CHAIN was suppose to prevent the kind of CRIMES we are see with FTX. WTF happened?
And some people did because they saw early that they needed to be at the tip of the pyramid. But Just because some people did make money from what is basically an unbacked fictional currency doesn’t mean that the endeavour was worthwhile or moral or even legal.
I thought the same thing.
That's how Satan works.
I've made a lot of money off of crypto over the last decade.
Intelligent and informed guy.
I'm SO glad this is finally coming full circle. I've had a few friends invest in crypto, (loosing money at every turn) and it feels strangely good to be proven right after being skeptical about it all along.
Your not proven right though it's called a bear market. Do some research buddy.
Its not gambling. Buying dogecoin and whining that you lost money would be different than doing research and holding the right projects.
Everything that guy just said was false. Hes not ignorant he is spreading a false narrative to keep the public skeptical.
Anyone that thinks crypto is over should google bitcoin rainbow chart and try to understand the bear and bull cycles. We are never more than 4 yrs from another all time high..
@@drpaine7428 Yup. The Next havling is Around April 2024. They will all be quiet after that. The charts all show the exact same patterns. You are correct sir. They said all the same crash back in 2019, it's just bigger now. And when it all crashes again in 2026 they do it again. Human's gullibility and ignorance is as predictable as the Elliott Wave.
@@nilfux glad there are some sensible people responding. Have you ever seen the bitcoin obituary and how many times bitcoin has died? Its hilarious. The funny thing is these trolls will just move the goal posts when the bull cycle returns.. "well I bet it wont happen again". LOL I hope it goes lower so we can accumulate more. !
Im glad someone is doing this. Too many look at Crypto currency as an investment but the reality is it is, at best, gambling.
There are people who made money on this, if they got out at the proper moment. There are junk stocks that also made people money until they went under. With stocks, you usually can get half your money back in most cases.
Umm unlike the stock market?
My cousin became a millionaire over night due to cryptocurrency and he bough an island! Annnnd then he lost it all overnight. Real crazy.
@@putinscat1208 yeah like a Ponzi scheme
So what do you think about the stock market?
Buffett said it best. Crypto is not backed by anything.
@govern me harder gruberment (Andy peltola) same reason he invests in coca cola
@govern me harder gruberment (Andy peltola) Some people also "invest" at the casino. It's just a bit of fun where you might make money. You might also lose. However, if you're not worried about it, have fun. If I'm not mistaken, he can afford to lose on it.
What is the USD backed by?
I just googled Warren Buffett and he does not invest in crypto. In fact, he's quoted as saying if all the crypto in the world was offered to him, he wouldnt buy it for $25. Bill Gates doesn't invest in it either.
@govern me harder gruberment (Andy peltola) No he doesn't.
He’s an actor. Need we say more?
Honesty’s an actor’s worst mistake.
If it sounds to good to be true it probably is. I’m reminded of Kant’s famous statement - “An imaginary dollar and a real dollar are both worth a dollar, but there’s a difference. One is imaginary.”
Crypto dollars exist in one's and zeros on a computer device
I seriously doubt that Immanuel Kant was talking about *dollar*
@@yllbardh The German word is “Thaler.” And he was using it as an argument against the ontological argument for t(e existence of God.
But if you think about it, they are both imaginary just people choose to believe in one. To me the only "real" dollar is gold and even that take people to believe.
@@agorpb5871 It's not that 'both are imaginary', because that's simply not true in society.
An American dollar is currency that's backed up by the US government and the law. Any debt I owe, I can pay with that money and the person receiving the money is obligated to accept the money as payment.
That's not true of crypto, of any kind.
Now, granted, if I crash landed on a deserted island with 50 million, it would be as worthless to me as crypto, but in society itself, it's not imaginary.
*Language is an incredibly important tool that we discount at our peril.* Amen. Finally, a man who sees that all words matter.
Isn't it just. Whoever said "sticks and stones may break my bones, but words will never hurt me" - was a complete and utter idiot.
This was the part that interested me the most.
When the value of money can be changed as easily and arbitrarily as the meaning of words, we become slaves to whoever is making the rules.
How do we know hes not lying to bring the price down?people do that as well. And why didnt CNN have him on before everybody was bag holding😅
I’ve pretty much always felt like crypto was nothing but a scam from the jump. I won’t touch it personally but to each their own I guess
Yet banks encourage you to leave lumpsums in your checking or savings account. And do you know what they do with that money? They immediately loan it out to somebody else, charge them insane interest rates, make a killing off your money and pay you a paltry 0.01% in interest for your loyalty. There is no "product" in this chain of events. The banks are basically making money off your money. That, my dear, is the epitome of a Ponzi scheme. Banks are also deflationary. Your $100k will not be $100k in 10 years time because of the paltry 0.01% interest rate stacked up against increased cost of living. But they don't care because they are too busy making your money work for them instead of your money working for you.
Look I get it. I realize for many that Cryptocurrency is the great unknown, and so it's inevitable that fear is on the table. People fear what they do not understand. It's normal. And I'm not expecting everybody to embrace it, but what I would like to see people do more often is actually take a closer look at what banks actually do. They are the real wolves in sheep's clothing.
😂😂😂😂🤡
This comment aged like milk. Should’ve bought some instead of inverse virtue signaling.
He warned everyone months before it happened... nobody wanted to listen, this guy is wicked smart , and a badass actor , plus has an amazing family. Clearly a high quality person . We need more people like him in this world.
I was warning friends about this the first day of bitcoin. I guess I’m the smartest person on the planet.
@@GotoHere nice try, I started warning people before bitcoin, first day of blockchain 😒
The US is the most economically liberal country maybe on the planet, good luck on banning even one crypto currency permanently. I hope the government will though.
@@sunnydisinfectant
Well, I also did.
I guess everyone with half a brain who knew what a Ponzi scheme is saw it coming.
Wow this is WICKED HARDCORE
Crypto reminds me of how derivatives were pushed back in the 80s. People were buying something that was just numbers, far removed from the original investment or value. Derivatives, such as commodity futures have value, but value that can disappear, unlike the commodity it's based on. The further you get from that, the flimsier the "investment" becomes. As far as I can tell, there isn't even an original investment in crypto. It's all just numbers.
it reminds me of the pyramid schemes of the 80s, it needs new money coming in to keep it going as soon as the new money stops it collapses. Everyone thought those were amazing get rich quick schemes too at the time.
Like most populists you clearly haven't a clue as to how derivatives function. And derivatives date back to the 19th Century not the 1980s.
Derivatives are simply insurance policies on financial assets or commodities. And like most markets for financial products futures and other derivatives need liquidity to function, hence the need for speculators. Futures markets in particular literally determine the prices of commodities and values of currencies, without which prices would be much higher and more unstable.
It's easy to mouth off about "financial scams" on the rare occasion when there's a market failure. But most people who do so haven't the faintest idea as to what they are talking about.
Monopoly money!! Lol
Then again - the financial system is just that, pure numbers
@@themaskedman221 I never said derivatives date from the 80s, only they were really being pushed then. I first became aware of derivatives when I started working in the Toronto Stock Exchange in 1973. Back then, they were things like warrants or rights, which allowed a shareholder preferred prices on some future stock issue. Those rights could be sold separate from from the original stock and were therefore derivative. Depending on what the stock did, those either paid off, if the stock price was higher or became worthless, if the stock price at the time was less than the preferred price. However, derivatives really went crazy in the 80s and this led to some real problems. IIRC, there was an economic slowdown in the late 80s as a result.
This aged well 😂😂😂
Loved him in Gotham.
I was wondering where I had seen him before. Thank you.
Even better in Southland
@@Leadfoot_P71 3Q
@@帅王-d7p 3Q? No 4Q!
I love how only _now_ people are realizing this. As if it wasn't blatantly obvious from the very start.
I tried to tell my friends that crypto currency’s are not tangible things.
@@magneto9555 its tied to fiat currency
Exactly 😂
@@magneto9555 the dollar isnt tangible either.
@@adamcraig1468 yes you're right but still better than crypto it's for suckers trying to get rich quick and yes it's a Ponzi scheme one sucker trying to get another sucker to invest so he can make money have fun with that
BITCOIN is not "crypto"!
Ah Crpyto. "This get rich quick scheme will be different. Trust me." 🤣🤣🤣
If you know it’s a hustle, you can make a pile of cash.
I made 10s of thousands this year and last in crypto. You’re basically just betting on the madness of crowds. You’re just looking for the crowd with the momentum.
It’s definitely risky. But, it’s less risky than options trading.
Ah, it's always different when they come up with a Scam..
@@jaycol21
Exactly. I to have made a lot off of crypto. It's not going anywhere and I'll continue to trade.
@@cryptoholica72
Exactly right! So many people on here do not understand what they are talking about. It takes a disciplined investor to make money on crypto. But it is there. Most have no idea. They'll all be crying again in a couple years.
Every lazy person’s goal. The only get rich quick route that has always worked is drug dealing…but that comes with a few occupational hazards. Other than that, there is no get rich quick method; there’s just dumb luck.
Im embarrassed to say I had absolutely no idea how smart this guy is irl. Bravo.
He’s smart but he is not smart enough to differentiate between Bitcoin and all the shitcoins.
Sure blockchain is a ledger - yes. But to say it has no value is just wrong. The guy is clearly not an accountant nor a banker.
@@shkottrendezvous6644 Ok Comrade
@@shkottrendezvous6644 You are correct but your word will be lost here.
Um... But he's wrong. Crypto isn't a scam, but people exploit it to run scams. There's a huge difference. Anyone who doesn't understand crypto should really try to instead of just brushing it off. If crypto is used wisely it could revolutionize taxes and the economy. People like this guy - and you (if you refuse to learn about it) - are just standing in the way of progress.
@@bumblebootwiddletoes5185 yes sure buddy. Tell that to the people who have lost 75% of their money in the last few months.
You know it's a scam when you see so many bots in the comment section talking about it and 'specific' people they mention.
I had no idea Ben was THIS Guy! I’m very impressed and grateful to him, for being a scholar and an ethical activist. Way to go Ben!
Ikr
A scholar? LOL
He loves telling people what’s good for them. If he used force to tell them what was good for them then he would be a bureaucrat
This guy is wrong about the largest ponzi scheme in history. That prize goes to European State Pensions
He just mad because he left money in FTX 😂
Thanks for speaking out. What you are saying, can’t be said enough!
He lost money on FTX 😂 sad Next time Benny do your own research self custody your tokens moron 😅
“It's not that I love fighting. But I’m not afraid to, either. And if we don’t fight for this city, who will?" - James Gordon
Cringe
Even in real life his still defending Gotham City from super villains
@@nkumbusimwawa9837 the GCPD is on the case.
I personally felt the brunt of the Dotcom bust, so when crypto came around, it gave me the same feeling as the internet startup craze. Back in the late 90s, and early 2000s internet startups were popping up left and right promising the world. Even CNN's parent company was bought by one and it was a complete disaster. In that lies the danger. A lot of these startups are just charismatic bluff and bluster that can attract so much money they can buy legitimate enterprises.
I’m glad the internet is gone
@@matthewnorton5870 LOL someone gets it
Actually, crypto is a great idea. It was supposed to remove the negative things of the value of money. No central banks, no quantitative easing, the cantillo effect and all of that. But when you have blood and fresh meat, soon you have sharks. At the end, it became like a casino where anyone can create his own chips to pay robert and use your fakecoin as collateral. But the reality is that the financial market is bankrupt and morally bankrupt as well. the World is crushed with debts. Also speculations, pump and dump scheme ruin the economy. Often speculations are made with software. There is a lot of regulation needed because with the cantillon effect, you won't have any middle class left.
The Dotcom days were good 😃
@@NosEL34 Not for the many, many people who were wiped out by it.
I’m impressed how well articulated and knowledgeable he is - about Crypto
Why???
But he never explained crypto so how is it that he is knowledgeable. He is simply like many who don't learn about "crypto" but only take their knowledgebase and simply spew the same stories. If anyone does some research they will see how laughable the interview is. Just can't go into all of it here. Listen to Michael Saylor and at least learn what "crypto" is. And I say in quotes, coz it's really about Bitcoin. Let Michael Saylor inform so that each person can make their own choice. Truly anyone who knows how bitcoin works will see what a fraud the interview was, to be honest. I am sure he meant well, but so did all the people in our past who at the time thought it was a good or a bad idea. Hmmm Internet good or bad? Cars instead of horses? I know how trite, but people...just listen to one interview from a technical view to someone who knows what they are talking about. This guy didn't say anything that anyone in this thread could not have said with no knowledge of crypto. Yeah, that is exactly what he did. He gave his whole interview without any information on what "crypto" does or how it works. It was just a smear campaign with a political spin. C'mon people, I mean really? I wish I had invested in Amazon in 2000 when it was 2 dollars a share. Now the chance to get bitcoin at even 17K. GIFT of 2023.
@@TiggerBrownie - Listen to what Warren Buffet had to say about crypto. Everything he said and predicted is true.
BC will be over 60k by 2025 just cause some crypto is a scam will not change that. Some stocks are scams but people still make money with stocks.
He just confirmed every suspicion I have had about crypto. Even the word "Crypto" sounds like an evil super villain.
🤣🤣🤣 It comes from the word "encrypted"....
Kryptomanic should be the term given to a person who steals from you digitally. 😆
Yet you depend on crypto every single day, how ironic.
Cryptography my friend.
@@TheGalantir in what way?
Ben is a class act.
Funny how he played a scoundrel on the OC. And then a detective on Gotham
@@suzygirl1843 SouthLAnd was a great cop show. Highly recommend.
He means well but he's way off base. Celebrities always want to help, most highly recommend abortion too.
He is a complete moron
😂😂😂😂😂😂🤡
I cannot conceive how difficult it would be to determine to participate in a money-back scheme as a victim. Nonetheless, it is essential to recall the past and the aid that was born from such agony and suffering. Respect for these *GlobalTraceAssets* that conduct these functions on the internet.
What a great person Ben McKenzie is! He uses his down time from acting to help people against scams.
He was right to the point and did a great interview.
Detective Gordon is on the case!
Um... This guy had no idea what he's talking about. I strongly support helping people not to get scammed, but actual legitimate crypto isn't a scam. People who run actual crypto scams are the problem.
Well, he does admit to lying for a living…
@@bumblebootwiddletoes5185 Crypto is selling something that you know has no value. How is it any different from trading worthless securities in 2008? The coins are worthless, massively overvalued, and only make money when more investors buy it.
Crypto is the most sophisticated Ponzi scheme ever created
@G sophisticated, not knowing they're just pixels?
@@jaaksavat7916 sophisticated bits 😂 jokes on them
It's not actually. It's simple. And it's not a Ponzi scheme. By that logic so is the stock market 🤣
Go learn history
People get jealous when a coin goes from 200 to 60,000 so they don't want to miss out on the free money . The smart cons cashed in early and or played with house money.
I know for a fact he has been sounding the alarm for some time. I was surprised an "actor" would be so vocal about any type of investment until I started looking into his work. Hopefully he did save some people from making the mistake of putting money into this scam.
He’s actually wrong about the technology. The ledger is based on transparency. If only your banks and government were transparent with your money.
I'm telling you now Roogs, people are going to be cursing people like Ben McKenzie when the Crypto market follows the very same bear to bull cycle that conventional stocks take. Of course there are scams in the Crypto Space. Sometimes it feels like the Wild West to be honest, but if people are careful in what they invest in as well as when they invest, there is a lot of money to be made. I'm not referring to shitcoins here. I am referring to coins and tokens that have real world utility and serve a real world purpose. Those who are doing their research now and are picking up bargains in the bear market may stand to make outlandish profits if they have done their due diligence, scouted out the right high utility projects and have spread their risk like every good investor ought to.
A fool and his money are easily parted.
I usually hate interviews because they're so rushed but this one didn't 👍🏽👍🏽
didnt what?
@@FriendxA get rushed
😂😂😂😂😂🤡
Most people that talk about a Ponzi scheme don’t actually know what a Ponzi scheme is. A Ponzi scheme is a banker or bank company that lies to investors about principle and earnings when in fact the actual money that exists is being squandered by that company or person, and on paper the said money does not actually exist or exists in part. So, we can say that Ftx was operating a sort of Ponzi scheme, but cryptocurrency as a whole does not fit that definition.
One thing that always bothered me about crypto currencies is that money ought to be scarce, yet it seems anyone who wanted to create a crypto currency could.
That and almost no one used it to make payments.
The funny thing is crypto is more scarce then fiat currencies. They print money to oblivion, why you think inflation is at a all time high. What a dumb ignorant comment.
Bitcoin is scarce. There is only (and will only ever be) 21 million of them mined. So far, about 19.4 million are mined.
You can buy lots of things in lots of places with Bitcoin. There are even bank cards that convert your Bitcoin to cash at the register, when you buy something, for those who are still clinging to fiat.
😂😂😂😂😂🤡
He shouldn't be referred to as simply "actor" in the title, it doesn't ascribe the credibility that he likely deserves as a result of his education and subsequent work.
Finally an actor that has balls and he’s not even acting!!!
Yes so courageous to shill his book.
😂😂😂🤡
I agree with the guy who said most people don't even know what crypto even is! And I don't wanna know either, I'll leave it to the cool trendy people who want to be a part of the latest fad🙄😴
John Tester, Dem Senator from Montana. He's a great guy, a farmer, and the kind of politician we need more of.
You don't have to be cool or follow trends to be curious. And it's completely fine that you don't wanna give a fvck. But lawmakers dealing with these situations, the people that are supposed to protect regular folks, not even knowing what it is in general? That is some bleak laziness right there.
I'm one of those people, I don't understand it.
@@em0_tion I don't think the people investing in it even understand it, unless of course, they are the top of the scheme, selling the "stuff".
@@ksc743 ... Good Point 👍
Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world. Both NFT, real estate, stocks and crypto is positively changing people's lives. I stopped panicking about the market the very moment i started trading with Mrs. Paula David last year, her confidence and skills is on a maximum level..
I'm surprised you know her too, I've been making a lot of profit investing with her for a few month now.
Mrs Paula changed my life because of her high profits i got from investing with her.
You invest with Paula too? Wow that woman has been a blessing to me and my family.
Do you mind hooking me up with her, i'm new at this
I was skeptical at first until i decided to try. Its huge returns are awesome, can't say much
I'm coming back to this video in 2025 to have a good laugh
Absolutely! I wish I could close my eyes and wake up to 2025 and bitcoin being maybe 250 to 300K. But I will be patient. All I can say is don't miss the boat. Amazon was once .25 cents and thought to never go anywhere. See you in 2025!
I'm glad you know about the Bitcoin halving after reading so many ignorant bs in here lol
😂😂😂😂😂😂🌟🌟🌟🌟🌟⚡️⚡️⚡️⚡️⚡️🧡🧡🧡🧡
You didn't have to wait until 2025....
@@contemplating1015 bahahaha yes, but still coming back in 2025 to laugh more!
Let’s go Gordon! Go fight Crypto
Where he will find it? It is concept based on decentralized network of nodes that can verify transactions... :)
"So, I have a degree in economics..."
I almost died laughing. She didn't know that? Talk about needing to prep for your interview...
This did not age well.
Ben has a BA in economics. Anyone with even a basic understanding of economics should know that crypto can never replace the $.
@govern me harder gruberment (Andy peltola) What you are telling people is that you are mentally deficient.
@govern me harder gruberment (Andy peltola)
an "asset" that has a finite supply will always be volatile, and a currency can't be volatile. To have a stable currency, it's supply needs to be adjusted to match demand. This is exactly what the FED does. The FED adjusts the supply of $ to meet demand, and this keeps the value of the $ relatively stable over time. There are other issues with crypto, like the fact that it has no intrinsic value, but one of the more obvious reasons it can never be a currency is that its fixed supply will never allow its value to be stable enough for it to be used as a currency.
XRP?
@govern me harder gruberment (Andy peltola) No it won't. The major governments would never allow for their money to become destabilized especially the United States.
I took some classes in economics, so that makes me an expert. 😄
I traded my crypto for NFTs, then my NFTs for magic beans. People are saying the golden goose eggs are the future.
When he said, "I don't know. Because I don't know that anybody fully understands, what the hell crypto even is", I felt those words deep in my spirit.😩🤦🏽♀️🤣🤣
Yup, but I do. I've had Bitcoin since 2011. I fully understand it. Most crypto shitcoins or tokens are scams. Bitcoin is not a scam. Fiat currency is the worst scam going right now.
Do you know what money is? A dollar bill has no real value either. The Fed can just print as many dollar bills as they want.
There are plenty of places to research Crypto, I learned everything I know about Crypto online, and have a pretty good understanding of what it is. To say NOBODY understands what crypto is, is very ignorant. I’ve had Bitcoin since 2014, and Dogecoin since 2019, made thousands when I sold most of it.
@@nineixb616 Ponzi scheme means the ones who get on it early make lots of money and the ppl left holding the bag are the ones who get fucked. The fact they started pushing advertisements with celebrities was the biggest red flag. At that point they’re going after the ppl who know nothing about have it only a little to invest and feel they can trust the celeb who they know and believe are reliable ppl.
@@rodrigofuentes296 In a Ponzi Scheme money is not invested, money from new victims is used to pay people who got in early. There is always risk when investing some coins never became profitable, even the people who got in early lost money. There are thousands of coins it’s still possible to make a profit in crypto even if the overall market is down.
FINALLY, someone saying what i have always known. Crypto, NFTS , this n that coin ...all a scam!!
The celebrities that took millions to promote this scam should be ashamed. Kevin O Leary was paid $15m to promote this stuff and give it credibility. Athletes like Steph Curry and Tom.Brady made their followers believe this was legitimate whilst they were getting paid. These people hurt their fans.
Crypto isnt a scam. NFTs are. but crypto currency certainly isnt
Students of history sometime fail to see prosperous futures apparently.
He is so right about that cryptocurrency. No regulations no FDIC insurance backing up any deposits. I am one of those who have no clue about crypto but it does sound so fishy.
crypto can be used as an alternative to move resources around and the banking cartels dont like competition.
Oh,yeah,so trust the banks,right? Including all the ones bailed out by taxes while the bad actors in finance got richer.
@@wisdomandlove1661 And that's why scammers like Sam do what they do??
😂😂😂😂😂😂🤡
A crypto co-founder died with the passwords and people lost their money. A crypto company collapses and people lost their money. Three out of four Bitcoin investors have lost their money. I see a pattern.🤔 I always felt crypto was a scam.😑
When u pay for something that doesn't exist don't get upset when you find out its fake.
He knows as much about crypto as SBF knows about banging a 10
I'm more interested in the many actors who made commercials promoting FTX and other crypto businesses. Did they bother to investigate these companies even a little bit before encouraging people to invest in worthless junk? Or did they cash the checks, no questions asked?
A well known person, who's informed on what their talking about. That could be a better future.
He's looking out for the little guys and those who dare to dream big who are the easiest to lead as they want to believe
"They're"
This person is patently unqualified and uneducated on the matter.
@@julianjacobson10011 Who is qualified, then? Apparently, the "experts" who have been pushing bitcoin and crypto the last couple of years didn't know much more than the average person you see waiting for a bus. Only the person waiting for the bus isn't in danger of being indicted anytime soon.
looking out for the little guy by taking away his chances to learn and become rich.
He's actually looking out for celebrities with real money lol
Ben's not just a pretty face he's actually pretty smart. Good work Ben, to bad there weren't more like him.
He’s wrong and Madoff was correct when he said that the US government was the biggest Ponzi scheme in history.
Or he could be an actor reading a script someone paid him to read
He's wrong and stupid. The whole problem was centralized banks. None of this would have happened if those people had self custodied as is what crypto is meant to be and frauds like SBF were made more accountable. Crypto banks like FTX and Celcius should have been treated like public washrooms. Get in do your business. Get out. Not your keys not your assets. Get a ledger Wallet. Self Custody. He needs to stick to acting.
He has a Bachelor's in Econ from UVA. I'd say he knows some things for sure.
@@daniel8chang that this is the "field expert" they brought in to testify should tell you they have an agenda to spread a fake narrative.
The entire stock market is a scam
notice the wealthy always have the inside info. then the middle class get in late and they get out early.
Stock market is based on companies doing various things, mining, manufacturing, real estate, transportation etc and one can inform, research companies but they're not pixels, like crypto currency is, pixels, nothing but pixels.
Not exactly. It's not a casino either.
@govern me harder gruberment (Andy peltola) pixels are pixels, they're not a resource, not a product, not a service, nor an asset but pixels, pixels backed up or backed upon an illusion of many, a pyramid scam and that's a fact
Any "product" they try to sell with fake TH-cam comments, is not something I'd want to invest in.
Not even Marshmello and the Amazon thingy? 😉
@@Denidrakes69 I actually haven't seen that ad, or zoned out and skipped it.
@@scottmiller8617 they've gone crazy on anything FTX since SBF was arrested.
At the end of the day, it makes me so pleased to know that you are living your ideal and doing what you want. Regardless of whether you continue or not, I'll be rooting for you *GlobalTraceAssets* due to all the good you've done for me and so many others. Thank you,
My Dad was majorly part of a Ponzie Scheme in NM and was on American Greed for it. He only served 18 months…
i don't know why it took this long for people to realize it was all a scheme...all i heard from a friend was "well, it's not actually money and you can buy things with it" and i knew it was a ploy for idiots...and that was almost 4 years ago...
Jeremy Renner is pretty smart.
Wow! I didn’t know he was so well informed about finances. Good for him that he is actually doing something about it. That’s why regulation and transparency is so important.
Big government mouthpiece. Nobody wants to hear from you.
Gary Ginsler 😂SEC HEAD also in bed with Sam BANKMAN fried so 😂 yah no
Excellent analysis. Stock do not give returns in a straight line. Don't look for multi baggers. Don't track prices constantly. Get more capital to invest. Acknowledge faults and rectify. Don't buy and forget. Buy and trade and as you trade you also monitor instead. Understand what you are buying. Hedge positions and avoid over exposure. Crypto investment still remain the best. I love volatility that’s where u make money. It's much better to put everything into crypto and continue trading with Mrs Florence Osborn trade signal. As I've made over $495k in some weeks of trading bitcoin through her guidance and trade signal with just $72k.
Hello. I have been looking for such a profitable signal's and guides from a pro trader for some time now, how do i contact her?
@Florenceosborn
You can communicate with her on TELEGRAM.s with the
username above ..
@@pengchen7384 Thanks for sharing her telegram handle, i’ll surely reach out to her and start learning the right way, tired of loosing from price drops.
Nice info, i appreciate your concern this will help a lot especially to the young bitcoin investors who have no or lesser knowledge on how bitcoin market works.
And that’s why I have never and never will invest in crypto currency
Crypto isn't a scam. FTX was a centralized entity. I remember similar news coverage with QuadrigaCX. I've been watching crypto since 2010, buying crypto since 2017, then storing crypto in non-custodial wallets since 2020. Even in this down market I'm just fine and still up. I've seen the ups and downs. In each bear market traditional media starts platforming skeptics
I didn't invest in bitcoin when it was just $16 because what my friend described to me was no better than a pyramid scheme. In good conscience, I missed a chance to become wealthy. But, maybe $16.00 might come back and I decide once again not to be involved.
wow shocker
Why dose not media talk about electric to mine that mindless scam…😮
Warren Buffet on Crypto: "It's not going to end well"! Nuff said.
Will do. What is the name of the company?
@govern me harder gruberment (Andy peltola) Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on the cryptocurrency.
He said at the Berkshire Hathaway annual shareholders meeting Saturday that it's not a productive asset and it doesn't produce anything tangible. Despite a shift in public perception about bitcoin, Buffett still wouldn't buy it.
"Whether it goes up or down in the next year, or five or 10 years, I don't know. But the one thing I'm pretty sure of is that it doesn't produce anything," Buffett said. "It's got a magic to it and people have attached magic to lots of things." That is a direct quote from Buffet this past Sat.
@govern me harder gruberment (Andy peltola) can you please post provenance?
@govern me harder gruberment (Andy peltola) Although Nubank does not allow trading in cryptocurrencies, its investment unit, NuInvest, allows users to invest in crypto exchange traded funds (ETF), according to the company website.
In 2018, Berkshire Hathaway CEO Warren Buffett declared his dislike of bitcoin, calling it "rat poison squared."
@govern me harder gruberment (Andy peltola) Although Nubank does not allow trading in cryptocurrencies, its investment unit, NuInvest, allows users to invest in crypto exchange traded funds (ETF), according to the company website.
In 2018, Berkshire Hathaway CEO Warren Buffett declared his dislike of bitcoin, calling it "rat poison squared."
I do not even have degree in Economics.
At college, I was always taught, that no matter how crazy difficult everything has to able to explained in simplest way possible to everyone before claiming that such concept is beneficial to the society.
Crypto is extremely difficult to understand, to teach even to me as the one with Master degree in Electronic Engineering. I understand Microwave Communication, Optical Engineering, RADAR, and Electromagnetic Theory even years after I graduated. Still, even when some Crypto supporter tried to explain to me in simplest way possible, it would have confused me even more.
You're not alone.
There's a bunch of technobabble behind how it works and a lot of grandiose hype but it can essentially be summarized very simply: people making their own fake money. When you wash away all the bullshit and realise that's all it is, it's very obvious that it's neither a revolutionary, world-changing idea, nor even a good one.
Crypto is short for “cryptography”. What’s encrypted behind Bitcoin are chomo pxrn files.
it's not that hard, you probably see the 'clothes of the emperor' for what it is... it's worth as much as people want to pay for it... and when more people want to pay for it, the price goes up, and then when more people want to sell them, the price goes down... it's like the economic principle of supply and demand reduced to it's essence... gold without the weight... platinum without the molecule... a soap bubble, but without soap... an economy, but without the goods and the services...
also, there's only 24 millions bitcoins, but nobody stops you from making another 24 million bit2coins, bit3coins, dogecoins, FTT tokens, Tether stable coins... there goes scarcity out of the window...
@@fragglet BOOM! TRUTH!
The school, where he got his Econ degree…is extremely happy he doesn’t mention it by name!
This is why I learn much from watching American Greed.
That show is so good!
Don't worry SBF will be on it shortly!😅😆🤣😢
Ken Olsen - "There's no reason anyone would want a computer in their home."
This shows you how much people don't know about crypto. FYI. Crypto isn't going anywhere for a long time. There is nothing that beats how much the dollar has been manipulated or used for illicit practices.
Crypto has not gone anywhere at all.
Nice content. To me, trading the forex and crypto market is way better than any online investment 💯
You are right but the market is more profiting this days if you are using really a good broker or an expert to help out with trades or provide signals.>>
@Kloopp Martinez Thanks for the
recommendation, i just contacted her and we are both having conversations right now. God bless you
Wow you really know expert
Sarah ..? I'm a living testimony of expert Sarah , she has been trading for me for months now
And literally EVERYBODY knew this all along, except a small handful who got into it
This isn't get the press i should be getting. I'm only just seeing this. You have a actors leading this, and they are still suppressing it.
Crypto,,, made from nothing.
Backed by nothing.
No truer saying than a fool and his money are easily parted.
Even with the current dip in cryptocurrency, I’m still glad I can smile 😊 back at my portfolio of $105,850 built from my weekly trade, I’m having my fourth withdrawal in 10 business days.
I heard a lot about Mrs Pamela Williams and how good she is, please how safe are the profits?
I have also been trading with her, the profits are secured and over 100% return on investment directly sent to your wallet or bank.
After watching so many TH-cam videos tutorial videos about trading I was still making losses until Mrs Pamela Williams started managing my investments now I make $10,567 weekly. God bless Mrs Pamela She’s been a blessing to my life and family
Oh please guys, is there any way I can speak to Mrs Pamela Williams, this sounds so helpful and I would love to join the train 🙏
You can reach out to her via telegram
The fact that they brought on an actor for an opinion and were blown away at his level of subject knowledge, coherence and clarity speaks volumes of the fact that many celebrities just aren’t great at politics/ economics.
He's brought on because he's co-authoring a book on the subject.
The only people saying that Bitcoin is going to have another big run up are those that already own it and are in the red.
He’s absolutely right. I’m a software engineer and working freelance me and some of my colleagues get paid purely in crypto. *Every single developer* I know cashed theirs in immediately. It exists and has value solely because people are too domb to realize it’s worthless.
Now explain Fiat Currency you software engineer wizard.
Why bash cyrpto space I agree plenty of bad actors and ponzis in the space but the fiat overlords are just as wicked and evil.
@@nilfux it’s shared amongst an entire population and agreed upon as a medium of exchange for your labor. This is not difficult to understand, but would we really expect a well thought out question to come from an account with cartoon for their profile picture. If that doesn’t say ‘I didn’t go to college, star on a sports team, or graduate near the top of my class so now I’m both insecure and undeservingly confident and make up for my obvious short comings with blind assertions anonymously online’…
Jim Gordon looking out for the people! ✊🏿
Looks like someone bought at the top...
I'm glad I'm part of the 80%. First off, I viewed crypto the same as gambling. Only gamble the amount you can lose without it affecting your finances. Secondly, I don't understand it, so I wasn't going to plunge into something blindly. Last, I have barely enough to put in my RRSP every month, let alone some pie-in-the-sky 'investment'.
I know people that invested in it and I heard so many success stories but I didn't invest because I didn't understand Crypto. I have a degree in accounting and marketing but I simply had no idea what you were actually investing in and I remembered Warren Buffet saying invest in things you understand like McDonald's and Coke Cola.
@@almac9203 Maybe I'm not as stupid as I thought, lol. If someone with an accounting degree didn't trust it, I sure as heck 'ain't. Yes, I heard there was a giant boom a while ago and people were laughing all the way to the bank - then I heard the bottom dropped out. As I said, I don't have money to gamble like that. I'm sure ones that are very wealthy do.
anything you buy with money is a gamble.
I'm still amazed that so many people, many of them very highly educated, continue to so aggressively defend crypto "currencies", while claiming to understand what it is in the face of all the BS surrounding it. They act as if it's the greatest thing since sliced bread. It's a scam and always was a scam.
It's religion. Intelligent people go to church too. They want to believe, it makes them feel good. Until they start losing money of course.
Mind you, sliced bread is an abomination.
Oh dear ....
This has aged well....surprise surprise.
😂😂😂😂🤡
When crypto came out and I heard it's unregulated. My first question was, how does it earn returns on its own?
Crypto coins are generated by a decentralized immutable code which is far more predictable and stable longterm than a "regulated" federal reserve that just prints out more money when it feels like it
The return comes from the "greater fool theory". Price is only determined by hoping someone will pay more for crypto than what you have paid. There's no share buybacks, dividends, earnings, or acquisitions in crypto like what you do have in stocks. No security either, governments will not help crypto like they do with businesses
I love it when "actors" become "experts."
Kinda like Reagan
He graduated with a degree in "economics". Like basic research will tell you that
Sounds like someone stopped listening when they heard "actor".
Honestly, many actors have advanced degrees.
@@Dnightartist Smug
But what does Ja think?
It's funny how actors are the best at sounding like they know what they are talking about.
He does have an economic degree….
Are they not human? It sounds so stupid when people like you act as if these people aren't human or educated. They have the a lot of the same worries and concerns as everyone else. Being an actor is a job just like being a mechanic or engineer.
Perhaps but my experience has been actors are great influencers. Just my opinion and I'm sure there are exceptions.
@@FG-xc5qj Don't think the question is on their humanity, but don't like your demeaning attitude which is far more offense than anything you could imagine I said troll.!
@@l0I0I0I0 I’m far from a troll and I couldn’t care less what you don’t like! I didn’t like your comment as if celebrities aren’t real people with real feelings and actions. You seem to actually be the troll.
I'm pretty sure ordinary people had said the same things about the US stock market after they lost their life savings in the crash in 1931. And guess what, it was the bottom of the market.
Keep huffing that copium.
Anti crypto people aren't interested in facts and logic. I LOL when people talk about how the market has dropped, really cause every crypto that's been around for 7 years or more is worth a whole heck of a lot more today!
@@smitty3fitty Maybe it's time to find a hobby
Crypto is ever so slightly more ludicrous than the money markets in general. However, there is no reason for crypto, it should be banned.
@@celestial4565 I have plenty of hobbies, maybe you should actually read up on Ethereum instead of listening to actors with no experience in the industry or even a basic understanding. Pathetic really, and you all watch a 2 minute clip and treat it as the gospel instead of educating yourself. Maybe that could be your hobby (educating yourself)?
What a great guy
More of this format plz!
Obviously Ben is a class act, great Actor & super well-informed; but this format did this topic justice.
No “Fake debates;” just a great, thoughtful discussion on a albeit complex topic….wherein a well-informed guest is allowed to talk.
Also great kudos to the host! She was not overly interruptive, all of interjections were salient to the discussion at-hand, and she too was clearly well formed.
I don’t often say this anymore nowadays, but “great job CNN!”
😂😂😂😂🤡
@@contemplating1015 How sad, it seems you lack the intellectual aptitude to respond with anything other than emojis.
Let me attempt to speak your language 😢🧐🤔🙃
The minute someone says..." This is the biggest thing since automobile"... People flock to it like flies to poop.😔
Such a breath of fresh air that I didn't have to listen to someone read some BS off the internet during a podcast. EDUCATION! THE MORE YOU KNOW!
I love how he explained in simple terms what a block chain is. I feel the same way about the cloud. The cloud is simply a bunch of servers.
Yes and No.
cloud is still not just servers. It is a software system of storing the data far far far away from the place where you might want to accesscto the data.
The software system is the one which makes cloud computing novelty and expensive to implement. Because you need to be able have higher level of network security levels to ensure very secure encryption, YET with very good almost instantaneous response when accessing the data from this faraway place.
Regular servers just dont do that by itself. They need this cloud computing software and architecture to be able to do so seamlessly and securely. The novelty in cloud computing is you do not have to own your physical server, but you still own the data only to yourself through some rather complex encryption and architecture.
I know. I was a software engineer for 30 years. Boiled down anything computer related is never just the hardware.
I agree. I call it a Pyramid Scheme. There are a couple guys at the top that put in all the money and then pull out whenever they want and sink it all.